The information contained herein is based on the Trust's understanding of the Income Tax Act (Canada) and is provided for general information only. Unitholders are advised to consult their personal tax advisors with respect to their particular circumstances.
2007 Distributions
The following table outlines the breakdown of the cash distributions per unit paid or payable by Crescent Point Energy Trust with respect to the record dates from January 31, 2007 to December 31, 2007 for Canadian income tax purposes.
During 2007, a corporate reorganization of the Trust and its subsidiaries was completed. As a result of this reorganization, the Trust had two taxation years within the 2007 calendar year. The first is from January 1 – March 1, 2007 and the second is from March 2 – December 31, 2007. The amount of the distributions which are taxable in each of the two taxation years is outlined in the table below. Unitholders who held their units throughout the year will receive a separate T3 slip for each of the two taxation years.
| Record Date | Payment Date | Taxable Amount (Box 26 Other Income) |
Taxable Capital Gain Amount (1) | Tax Deferred Amount (Box 42 Return of Capital) |
Total Cash Distribution |
|---|---|---|---|---|---|
Jan 31, 2007 |
Feb 15, 2007 |
$0.1500 |
- |
$0.0500 |
$0.20 |
Feb 28, 2007 |
Mar 15, 2007 |
$0.1500 |
- |
$0.0500 |
$0.20 |
Mar 31, 2007 |
Apr 16, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Apr 30, 2007 |
May 15, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
May 31, 2007 |
Jun 15, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Jun 30, 2007 |
Jul 16, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Jul 31, 2007 |
Aug 15, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Aug 31, 2007 |
Sep 17, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Sep 30, 2007 |
Oct 15, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Oct 31, 2007 |
Nov 15, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Nov 30, 2007 |
Dec 17, 2007 |
$0.1960 |
$0.0040 |
- |
$0.20 |
Dec 31, 2007 |
Jan 15, 2008 |
$0.1960 |
$0.0040 |
- |
$0.20 |
TOTAL PER UNIT |
$2.26 |
$0.04 |
$0.10 |
$2.40 |
|
Units held within an RRSP, RRIF, or DPSP
No amount should be reported on the 2007 individual Income Tax Return (“T1”) in respect of trust units held in a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or Deferred Profit Sharing Plan (DPSP).
Units held outside an RRSP, RRIF, or DPSP
Registered unitholders who held units outside an RRSP, RRIF, or DPSP will receive a T3 Supplementary Slip for 2007 (“T3”) from our transfer agent, Olympia Trust Company, on or before March 31, 2008. Individual unitholders must report the taxable portion of such distributions in their 2007 T1. Unitholders who held units
through intermediaries such as investment advisers will be issued T3s from those intermediaries on or before
March 31, 2008.
Adjusted Cost Base Reduction
The Adjusted Cost Base (“ACB”) is used in calculating capital gains or losses on the disposition of units held as capital property by a unitholder. The ACB of each unit is reduced by the portion of distributions considered a return of capital.
